Jet Insurance Company Introduces Electronic Signatures to Surety Bond Process

The new process inserts the principal’s online signature onto the bond form, which after purchase is ready to be filed with the obligee.

(Image credit: Vitaly Ardiyants/Unsplash.)

Jet Insurance Company, a Charlotte, N.C.-based surety insurer, has launched an electronic signature service with the objective of saving principals time and money by letting Jet handle the bond filing.

Omar Agha, Lead Underwriter, Jet Insurance Company.

A Jet Insurance Company statement relates that its new process inserts the principal’s online signature directly onto the bond form. After purchase, the digital bond form is ready to be filed with the obligee. The signature is time-stamped, records the signer’s IP address, and contains Jet’s unique identifying number.

“Customers continually tell us our online process is incredibly fast and easy to use,” comments Omar Agha, Lead Underwriter, Jet Insurance Company. “From application to checkout, and ultimately filing the bond, Jet’s online platform guides our customers every step of the way.”

Electronic signatures are the latest in a range of new features launched by Jet Insurance Company within the last year, including a “pay-as-you-go” subscription option and an application which helps principals find the correct bond, get a quote, and pay within minutes. Jet says it is continuously working to bring new features that simplify the bonding process for principals and obligees.

Jet Insurance Company currently licensed in 41 states and the District of Columbia. The company reports that it is in the process of obtaining authorization to write surety and fidelity products in all 50 states.

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Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at AnthODonnell@IIReporter.com or (503) 936-2803.

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